News

West Coast port disruptions to hit Macy’s First Quarter Sales, Margins

Reuters

Macy’s Inc (M.N) said sales and margins in the current quarter would be hurt by disruptions at U.S. West Coast ports, and the retailer forecast full-year profit and revenue that fell short of analysts’ expectations.

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Transpacific Eastbound General Rate Increase (GRI), Peak Season Surcharge (PSS), and Bunker Fuel Adjustments

The following announced levels from carriers are for implemented GRI’s and/or PSS effective for March 9th 

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U.S. Economic Summary – February 2015

“The U.S. Leading Economic Index increased again in January, but its pace of growth has moderated in recent months,” said Ataman Ozyildirim, Economist at The Conference Board. “While the LEI suggests a positive short-term outlook in 2015, the lack of strong momentum in residential construction, along with a weak outlook for new orders in manufacturing, poses a downside risk for the U.S. economy.”

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Container Yard

West Coast port delays could swamp companies for two months

Reuters

Congestion at the U.S. West Coast ports could take as much as two months to unwind, according to port and trade group officials, with retailers and other companies bracing for further shipment delays after the apparent resolution of a months-long labor dispute.

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West Coast Ports Come Back to Life

Bloomberg

Ports are coming back to life along the U.S. West Coast after dockworkers resolved a nine-month labor standoff, though the cargo backlog from ships waiting offshore may take eight weeks to clear.

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Tentative contract agreement announced between ILWU and PMA

The Pacific Maritime Association (PMA) and the International Longshore Warehouse Union (ILWU) announced a tentative agreement that must still be approved by the ILWU membership.

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Stacked Containers

U.S. West Coast Ports Reach Tentative Deal

Supply Chain 247

The deal, confirmed in a joint statement by the two sides, was reached after the U.S. labor secretary arrived in San Francisco this week to help broker negotiations that had dragged on for nine months between the shippers and the International Longshore and Warehouse Union.

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Container Yard

West Coast Port Talks Intensify

Bloomberg

Negotiators in the nine-month standoff at U.S. West Coast ports are ratcheting up discussions as Labor Secretary Tom Perez seeks to move talks to Washington if dockworkers and their employers can’t reach a resolution.

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Truck

Truckers With 35,000 Openings Seek Jobless Oil Workers: Freight

Bloomberg

U.S. oil-company job cuts that cost machinery operator Drew Sanford his spot at Halliburton Co. are shaping up as a boon for truckers desperate for big-rig drivers.

Already equipped with a commercial license, the 30-year-old Sanford left North Dakota and landed at Oklahoma City-based Stevens Trucking Co. He is sometimes on the road as long as four days at a stretch, but the working conditions are good, he said, and “I’ll probably just stick here for a while.”

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Flatbed Truck

Shippers, Third Parties Oppose FMCSA’s Proposed Rules Against Truck Driver “Coercion”

SupplyChain247

While good in theory, shippers say, the result would be impracticable, expensive, difficult to enforce, and might end up doing more harm than good.

“Even if the rules were legally sound and well-designed (which they are not), Federal Motor Carrier Safety Administration (FMCSA) cannot credibly assert that its proposed rules can be implemented with no costs or other adverse impacts to shippers and intermediaries, or to the transportation system of which the trucking industry is the most important part,” the National Shippers Strategic Transportation Council (NASSTRAC) said in comments to the agency.

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